Eagle Bulk bankruptcy plan unanimously accepted by voting creditors

By Caroline Salls

Pittsburgh, Sept. 11 – Eagle Bulk Shipping Inc.’s plan of reorganization was unanimously accepted by voting holders of pre-bankruptcy credit facility claims, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, 59 holders of $1,188,847,632 of pre-bankruptcy credit facility claims voted to accept the plan.

The plan confirmation hearing is scheduled for Sept. 18.

Eagle Bulk is a Marshall Islands corporation based in New York that owns dry bulk vessels and transports bulk cargoes. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 14-12303.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.